All Forum Posts by: Mende Cukalevski

@Ben Sears thank you, yes it is a leak in the foundation so that worries me, he stated there was another leak but he fixed that and is willing to fix this one as well, not sure why he didn’t fix both of them at once......as far as numbers go I should get $500 cash in pocket each month.

Hello,

This is my first post here. I am new to real estate investing and looking to purchase my first investment property located in Central New York looking to purchase a 4 bds 2 baths 1850 sqft. Asking price $149k however there is a “small” leak in the basement spoke with the owner and he states it will be fixed before he sells. My question is how serious of an expense is a water leak in the basement, the house overlooks the water as well so I feel like it would be a great investment opportunity. I am also looking for any other suggestions or advice for new investors.

Thank you.